"Compass' $1.6 billion deal to buy Anywhere Real Estate set off market-share talk across the industry, but boutiques on the high end of the Los Angeles market aren't sweating it. Carolwood's Drew Fenton, CEO and co-founder of Los Angeles County's fastest-growing boutique brokerage, offered a bullish take via text: The merger is 110 percent beneficial for Carolwood and other boutique brokerages."
"Once closed, Compass' deal for Anywhere will create an entity with about 50 percent share of the market. (Compass and Coldwell Banker Realty alone ranked No. 1 and 2, respectively, in TRD's most recent ranking.) There's plenty of room for the rest of the field with the other 50 percent, said Beverly Hills-based Nourmand & Associates President Michael Nourmand. It gives the boutique brokerages a lot of opportunity, said Nourmand."
Compass's $1.6 billion purchase of Anywhere Real Estate will create an entity with roughly 50 percent market share. Carolwood CEO Drew Fenton called the merger 110 percent beneficial for Carolwood and other boutique brokerages. High-end Los Angeles boutiques claim outsized influence despite small size; nine independents among the market's top 20 accounted for just over one-third of $51 billion in closed deals between July 1, 2024 and July 1, 2025. Compass and Coldwell Banker Realty rank first and second in market share. Industry leaders say the merger could prompt agent movement and create opportunities for independents, though the acquisition involves another large conglomerate rather than boutique rollups.
Read at therealdeal.com
Unable to calculate read time
Collection
[
|
...
]